Europeans face a perfect storm of soaring inflation, self-inflicted energy price shocks caused by sanctions on Russia, and fears of a looming recession. In Germany, the region’s traditional economic and industrial powerhouse, ordinary people have taken a hit to their wallets, while businesses have warned of large-scale losses and layoffs.
Nearly one in six Germans (16 percent) have been forced to go without regular meals to make ends meet, and another 13 percent may face a similar situation if food prices continue to rise, a new survey by the Institute for New Social Answers (INSA) for Germany’s Bild newspaper has found.
According to the survey, people from low-income households whose income after taxes is less than 1,000 euros per month have been the most heavily affected, with 32 percent of respondents forced to skip meals regularly.
42 percent of those polled also indicated that they are forced to cook more sparingly due to inflation, leaving out certain ingredients in meals, or dessert. Another 41 percent said they rely on supermarket special offers and discounts to stretch their euros as far as possible.
INSA’s study was conducted on 7 June, with a representative sample of 1,002 people queried.
Poster Comment:
It is far worse in the Global South.